Asian Energy Impact Trust receives counsel from CAM regarding the sale of SolarArise to Neo Infra Income Opportunities Fund
In a significant development in the renewable energy sector, Cyril Amarchand Mangaldas, one of India's leading law firms, has advised on the sale of 100% shareholding in SolarArise India Projects Private Limited and its subsidiaries. The transaction took place in 2023, marking Neo Infra Income Opportunities Fund's first venture into the renewable energy sector.
SolarArise, a company that owns and operates 433.5 MWp of solar power generation plants across five states - Maharashtra, Uttar Pradesh, Madhya Pradesh, Karnataka, and Telangana - was the seller in this deal.
SR Patnaik, Partner & Head - Taxation, provided expert advice on taxation aspects of the transaction. He was supported by Thangadurai V.P., Principal Associate, and other associates in the firm.
On the general corporate side, Sreetama Sen, Partner, offered her insights and guidance. She was assisted by Nooreen Haider (Principal Associate), Soumya Gupta (Associate), and Himanshu Chandel (Associate).
Ramanuj Kumar, Partner and Co-Head (Projects - Energy and Energy Transition), led the transaction team at Cyril Amarchand Mangaldas. He was supported by Aiswarja Mohanty, Partner, Rohil Kenue (Associate), and Rashika Bhardwaj (Associate).
This transaction is a testament to Cyril Amarchand Mangaldas's expertise in the energy and renewable energy sectors. The firm's deep understanding of the complexities involved in such transactions ensures that clients receive the best possible advice and service.
With the increasing emphasis on renewable energy sources, such transactions are expected to become more common in the coming years. Cyril Amarchand Mangaldas is well-positioned to advise clients on these and other related matters, providing strategic guidance and legal support to help them navigate the evolving energy landscape.
Read also:
- Peptide YY (PYY): Exploring its Role in Appetite Suppression, Intestinal Health, and Cognitive Links
- Toddler Health: Rotavirus Signs, Origins, and Potential Complications
- Digestive issues and heart discomfort: Root causes and associated health conditions
- House Infernos: Deadly Hazards Surpassing the Flames
